Hartford Investment Management Co. Has $2.66 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Hartford Investment Management Co. cut its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,481 shares of the biotechnology company’s stock after selling 28 shares during the quarter. Hartford Investment Management Co.’s holdings in Axon Enterprise were worth $2,663,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the 4th quarter worth approximately $45,000. Prestige Wealth Management Group LLC boosted its stake in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC bought a new stake in Axon Enterprise in the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after purchasing an additional 40 shares during the period. 79.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AXON shares. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Northland Securities boosted their price target on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. JMP Securities boosted their price target on Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC upped their target price on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $542.15.

Axon Enterprise Price Performance

Shares of AXON stock opened at $665.08 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a twelve month low of $255.68 and a twelve month high of $698.67. The company has a market cap of $50.71 billion, a P/E ratio of 171.86, a P/E/G ratio of 6.79 and a beta of 1.05. The business has a fifty day simple moving average of $623.80 and a 200 day simple moving average of $502.57.

Insider Buying and Selling

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. This represents a 6.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Garnreiter sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $639.69, for a total value of $639,690.00. Following the completion of the transaction, the director now directly owns 24,259 shares of the company’s stock, valued at approximately $15,518,239.71. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,711 shares of company stock worth $5,631,561 in the last ninety days. 6.10% of the stock is owned by insiders.

About Axon Enterprise

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.